LiveWire Group (NYSE:LVWR) Issues Earnings Results

LiveWire Group (NYSE:LVWR) posted its quarterly earnings results on Thursday. The company reported ($0.12) earnings per share for the quarter, reports. LiveWire Group had a negative net margin of 317.96% and a negative return on equity of 47.00%. The business had revenue of $4.98 million during the quarter.

LiveWire Group Stock Down 4.0 %

LVWR traded down $0.28 during trading hours on Friday, reaching $6.80. The company’s stock had a trading volume of 39,678 shares, compared to its average volume of 17,020. LiveWire Group has a 52 week low of $5.71 and a 52 week high of $12.50. The company’s 50-day moving average is $7.68 and its 200-day moving average is $9.45.

Institutional Investors Weigh In On LiveWire Group

An institutional investor recently bought a new position in LiveWire Group stock. Barclays PLC acquired a new position in shares of LiveWire Group, Inc. (NYSE:LVWR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,236 shares of the company’s stock, valued at approximately $27,000. 0.88% of the stock is owned by institutional investors.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.